Air Liquide (XTER:AIL) EBIT: €4,965 Mil (TTM As of Dec. 2025)


XTER:AIL Air Liquide SA XTER:AIL
98 GF Score
Price €166.46
GF Value €148.75
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Air Liquide EBIT?

Air Liquide XTER:AIL +0.36% 98 EBIT is €4,965 Mil as of Dec. 2025. GuruFocus rates XTER:AIL with a GF Score™ of 98/100 and a GF Value™ of €148.75 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Air Liquide's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €2,344 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €4,965 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Air Liquide's annualized ROC % for the quarter that ended in Dec. 2025 was 8.03%. Air Liquide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Air Liquide's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.26%.


Air Liquide  (XTER:AIL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Air Liquide's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=4994.6 * ( 1 - 25.26% )/( (47229.4 + 45699.9)/ 2 )
=3732.96404/46464.65
=8.03 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Air Liquide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4688.2/( ( (24611.7 + max(-129.9, 0)) + (24909.7 + max(473.4, 0)) )/ 2 )
=4688.2/( ( 24611.7 + 25383.1 )/ 2 )
=4688.2/24997.4
=18.75 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3116.8 + 2182 + 1098.9) - (3602.4 + 0 + 2925.2)
=-129.9

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2866.5 + 2128.3 + 1742.8) - (4680.7 + 0 + 1583.5)
=473.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Air Liquide's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=4965.2/116531.037
=4.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Air Liquide EBIT Related Terms


Air Liquide EBIT Historical Data

* Premium members only.

The historical data trend for Air Liquide's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Liquide EBIT Chart

Air Liquide Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,935.20 3,949.90 4,228.40 4,606.10 4,965.20

Air Liquide Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,807.70 2,426.80 2,179.30 2,621.10 2,344.10

XTER:AIL vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Air Liquide's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Liquide EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Liquide's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Air Liquide's EV-to-EBIT falls into.


XTER:AIL
98GF Score
Air Liquide SA XTER:AIL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Liquide EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €4,965 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €4,965 Mil mean?
Air Liquide (XTER:AIL) has a EBIT of €4,965 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air Liquide.
Is Air Liquide's EBIT too high?
Air Liquide's current EBIT is €4,965 Mil. Overall, Air Liquide has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's EBIT compare to LIN and SHW?
Air Liquide's EBIT of €4,965 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air Liquide. Air Liquide's current EBIT is €4,965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (XTER:AIL) is currently considered Modestly Overvalued. The stock's GF Value™ is €148.75, compared to a current price of €166.46 — trading 11.9% above its estimated fair value. The current EBIT is €4,965 Mil. Air Liquide's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Air Liquide (XTER:AIL), the current EBIT is €4,965 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Liquide (XTER:AIL) Overvalued in 2026?

Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued. The current stock price of €166.46 is trading 11.9% above its estimated GF Value™ of €148.75. GuruFocus considers Air Liquide to be Modestly Overvalued.

Key valuation signals for XTER:AIL:

  • EBIT: €4,965 Mil
  • GF Value™: €148.75 vs. price of €166.46 (11.9% above fair value)
  • GF Score™: 98/100 with 5 warning signs

No single metric tells the full story. See the XTER:AIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Air Liquide Business Description

Address 1, Paris, FRA, 75007
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score

Get the complete analysis for XTER:AIL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€166.46
Price
€148.75
GF Value